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Former G/C Minister Rolandis finds EastMed project problematic

Former G/C Minister Rolandis finds EastMed project problematic

The former Greek Cypriot Minister Nicos Rolandis who also considered as the pioneer of Greek Cypriot natural gas and oil exploration program said the recently signed EastMed project is problematic since the project is difficult to implement and extremely costly.

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The former Greek Cypriot Minister Nicos Rolandis who also considered as the pioneer of Greek Cypriot natural gas and oil exploration program said the recently signed EastMed project is problematic since the project is difficult to implement and extremely costly.

Speaking to Greek Cypriot press on Friday over the EastMed Pipeline project, Former Greek Cypriot Minister argued that the agreement holds positive parts for Greek Cypriots in terms of bringing the countries such as Greece and Israel into a close cooperation with Greek Cypriot Administration.

From the political point of view, it is an important agreement. It brings Greek Cypriot Administration closer to Israel with which relations were not that good in the past Rolandis said.

Responding the question related with the negative parts of the EastMed pipeline project in his terms, Former Greek Cypriot politician Rolandis said the recently signed EastMed project is problematic since the project is difficult to implement and extremely costly.

It is probably a pipeline with a length of 2,000 kilometres. To construct it will be extremely difficult. he said.

Touching upon the difficulties to install the required pipeline due to the extremely challenging seafloor conditions, Rolandis drew attention to the extremely high bill for the implementation of the project.

Asked about who would be interested in being an investor to build the EastMed pipeline project, Rolandis said a general problem with agreements signed by European leaders is that they are mainly signed for political reasons and only 2 per cent are implemented.

Nobody invests billions easily without being sure to get a return for their money. It would create more problems with Turkey Rolandis said.


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